Word: mutuals
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Dates: during 1950-1959
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Guterma resigned as chairman and president of F. L. Jacobs Co., the diversified holding company for his 13 (at last count) corporations. In as chairman went beefy (225 Ibs.) Hal Roach Jr., whose heavy interests in Hal Roach Studios and Mutual Broadcasting System, two Jacobs' affiliates, spurred him to purchase Guterma's stock interests in F. L. Jacobs. Said Roach: "I want to get what I believe is an inherently good company back in shape." But SEC insisted that the only way to achieve that was for F. L. Jacobs to be placed in the hands...
...cautious document, expressing interest in the proposed meeting but stressing lack of information. "The question is how ecumenical will the council be in composition and in spirit?" The committee advanced its own version of ecumenical cooperation: "Progress toward unity is made when churches meet together on the basis of mutual respect and with a full commitment on the part of each church to the truth of the Gospel, to charity and to a faithful interpretation of its deepest convictions...
...about Alexander L. Guterma when he arrived in Wall Street five years ago. But he quickly showed himself such an expert in frenzied finance that he got control of F. L. Jacobs Co. (auto parts maker), Bon Ami Co. (scouring powder), Hal Roach Studios (Gale Storm Show), and the Mutual Broadcasting System. Last December Guterma's empire began to crumble...
...tough provision killed out of the 1957 bill by mutual agreement of the National Association for the Advancement of Colored People, Walter Reuther's United Auto Workers and the Americans for Democratic Action...
Also vital to Continental's scheme is its statewide saturation selling, which spreads the risk, gives the company the benefit of group insurance. Other companies have already followed Continental's lead. Mutual of Omaha is trying a similar policy in four Southern states and Fireman's Fund has just completed a trial campaign in California...